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Maker of EMI shielding and thermal-management materials for smartphones, telecom equipment, EVs and servers.
Maker of EMI shielding and thermal-management materials for smartphones, telecom equipment, EVs and servers.
Moat: narrow (process know-how, customer qualification). Qualified materials supplier across consumer electronics and telecom, though switching costs are moderate.
Headquarters: Shenzhen, Guangdong, China · Founded: 2002 · Employees: 10,455
Size Shenzhen FRD Science & Technology (300602.SZ) is a China Industrials company (Electrical Products) with a market value of $2.39B, the 1077th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥27.35 on 6 Nov 2026.
Performance Over six months the shares fell 23.4%, against -21.6% for the median peer and -16.4% for the China market (cap-weighted) — 10th lowest of 20 in its peer set.
Growth Revenue grew 23.6% over the last twelve months (peer median +27.0%); the operating margin is 6.7% (peer median 9.0%).
Valuation It trades at 25.3× forward earnings against a peer median of 27.7× (7th cheapest of 15).
Capital Return on invested capital runs 4.2 points below its cost of capital (12.8% WACC).
Next results Next results expected around 28 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥7.68B | CN¥6.51B | CN¥5.22B | CN¥4.33B | CN¥4.11B |
| Revenue growth | — | +25% | +20% | +5% | — |
| Gross profit | CN¥1.77B | CN¥1.21B | CN¥1.00B | CN¥769M | CN¥633M |
| EBITDA | n/a | CN¥626M | CN¥604M | CN¥424M | CN¥240M |
| Net income | CN¥501M | CN¥365M | CN¥228M | CN¥103M | CN¥96.2M |
| Free cash flow | -CN¥259M | -CN¥128M | CN¥70.4M | CN¥112M | -CN¥626M |
| Capital expenditure | CN¥593M | CN¥565M | CN¥371M | CN¥479M | CN¥638M |
| Total debt | CN¥2.98B | CN¥2.44B | CN¥1.97B | CN¥1.77B | CN¥2.03B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Shenzhen FRD Science & Technology 300602.SZ | $2.39B | -23% | +24% | 7% | 25.3× | n/a |
| Parker Hannifin PH | $116B | +4% | +8% | 22% | 24.4× | 19.0% |
| Henkel AG & Co. KGaA HEN.DE | $35.4B | +25% | -3% | 15% | 13.6× | -1.9% |
| Suzhou Anjie Technology 002635.SZ | $1.30B | -19% | +21% | 3% | 22.0× | 16.2% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 300602.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -18.5% | -15.5% | 10th lowest of 21 |
| 6-month return | -23.4% | -21.6% | 10th lowest of 20 |
| Distance from 52-week high | -48.3% | -56.3% | 7th highest of 21 |
| Revenue growth (TTM) | +23.6% | +27.0% | 10th lowest of 21 |
| Operating margin | 6.7% | 9.0% | 9th lowest of 21 |
| Forward P/E | 25.3× | 27.7× | 7th cheapest of 15 |
| ROIC minus cost of capital | -4.2 pp | +0.1 pp | 7th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Shenzhen FRD Science & Technology 300602.SZ | China | $2.39B | -23% | +24% | 7% | 25.3× | n/a | n/a |
| Tongling Jingda Special Magnet Wire 600577.SS | China | $2.39B | -45% | +26% | 3% | 20.4× | 9.8% | +14.7% |
| Hangzhou Cable 603618.SS | China | $2.40B | -18% | +18% | 7% | 10.6× | 15.2% | +9.8% |
| Delijia Transmission Technology (Jiangsu) 603092.SS | China | $2.41B | -45% | +45% | 17% | n/a | 7.2% | +20.3% |
| Shenzhen Kstar Science and Technology 002518.SZ | China | $2.41B | -40% | +21% | 13% | 22.1× | 24.2% | +16.9% |
| Tianhai Auto Electronics 001365.SZ | China | $2.36B | n/a | +28% | 5% | n/a | 6.0% | +24.8% |
| Shenzhen Leadshine Technology 002979.SZ | China | $2.36B | +14% | +44% | 13% | 40.6× | n/a | n/a |
| PhiChem 300398.SZ | China | $2.43B | -6% | +15% | 17% | 27.3× | 19.6% | +11.7% |
| Kirloskar Oil Engines KIRLOSENG.NS | India | $2.44B | -8% | +23% | 15% | 36.6× | 25.3% | +18.6% |
| Tongding Interconnection Information 002491.SZ | China | $2.44B | -15% | +50% | 11% | n/a | n/a | n/a |
| Diamond Power Infrastructure DIACABS.NS | India | $2.34B | +118% | +109% | 10% | 55.3× | n/a | n/a |
| HBL Engineering HBLENGINE.NS | India | $2.46B | -1% | +63% | 31% | n/a | 22.6% | +29.4% |
| Jonjee Hi-Tech Industrial and Commercial 600872.SS | China | $2.31B | -2% | +1% | 18% | 21.8× | 10.0% | -3.9% |
| RR Kabel RRKABEL.NS | India | $2.30B | 0% | +45% | 8% | 28.5× | n/a | n/a |
| Shenzhen Honor Electronic 300870.SZ | China | $2.26B | -66% | +10% | 3% | 58.9× | n/a | n/a |
| Nuode New Materials 600110.SS | China | $2.21B | -22% | +100% | 4% | 37.0× | n/a | n/a |
| Rept Battero Energy 0666.HK | Hong Kong | $2.19B | -57% | +56% | 6% | 10.0× | n/a | n/a |
| NuScale Power SMR | United States | $2.18B | -60% | -81% | -6,854% | n/a | n/a | n/a |
| Sanil Electric 062040.KS | South Korea | $2.62B | -56% | +29% | 36% | 17.1× | 15.1% | +50.8% |
| Luster LightTech 688400.SS | China | $2.63B | -37% | +10% | 0% | 28.1× | 56.8% | +10.7% |
| Baoding Tianwei Baobian Electric 600550.SS | China | $2.65B | -36% | +13% | 4% | n/a | 45.5% | +7.1% |